Marc Andre Boisseau - 31 Mar 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Signature
/s/ Marc Andre Boisseau
Issuer symbol
SKYX
Transactions as of
31 Mar 2022
Net transactions value
-$13,056
Form type
4
Filing time
04 Apr 2022, 16:20:11 UTC
Previous filing
14 Mar 2022
Next filing
05 Jul 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Tax liability $13,056 -1,016 -10% $12.85 8,984 31 Mar 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SKYX Stock Option (right to buy) 10,000 31 Mar 2022 Common Stock, no par value 10,000 $12.34 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest in four equal quarterly installments, beginning March 31, 2022, subject to continued employment through the vesting date.
F2 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.
F3 Includes 7,500 shares of restricted stock, which vest in four equal quarterly installments, beginning March 31, 2022, subject to continued employment through the vesting date.